“Home Sweet Home” is not a simple concept for the IRS.
Nope. They delight in creating complications. Which is why they make the troublesome distinction between your “personal home” and your “tax home.” Depending on how you operate your business and where it’s located, you risk losing your valuable business vehicle deductions! Want to avoid crashing your business-vehicle deductions into the 74,000-page -thick IRS tax code? Step on the gas and read my new article titled Tax Tips: Danger: Your Personal Home Is Not Your Tax Home.
Three ways our fact-filled article can help you:
- We’ll warn you about the biggest danger you face. You’ll learn how tax deductions for your business vehicles can disappear (poof!) when your personal home is not in the same tax-defined geographic area as your “tax home.” You’ll get all the money-saving details when you read the full article.
- You’ll learn the IRS’s definition of four important terms. “Personal home.” “Tax home.” Business travel.” “Business transportation.” Using these terms correctly can mean the difference between keeping or losing your business-vehicle deductions. You’ll stay on the right road when you read the full article.
- We’ll list five facts you need to know now! It’s worth checking out my new article for this information alone. Knowing these facts can help you stay out of deep trouble with the IRS so don’t miss this chance to read the full article.